Form 8.3 - DS SMITH PLC

Barclays PLC

09 July 2024

 

FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Full name of discloser:				Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose				DS SMITH PLC
	relevant securities this form relates:
(d)	If an exempt fund manager connected with an
	offeror/offeree, state this and specify identity of
	offeror/offeree:
(e)	Date position held/dealing undertaken:				08 Jul 2024
(f)	In addition to the company in 1(c) above, is the discloser making				YES:
	disclosures in respect of any other party to the offer?				INTERNATIONAL PAPER COMPANY
2.				POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing(if any)
Class of relevant security:				10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			35,831,977	2.60%	21,719,409	1.57%
(2)	Cash-settled derivatives:
	and/or controlled:			8,226,059	0.60%	35,127,734	2.55%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			44,058,036	3.19%	56,847,143	4.12%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
10p ordinary		Purchase		353,410		4.1702  GBP
10p ordinary		Purchase		274,682		4.1719  GBP
10p ordinary		Purchase		262,910		4.1592  GBP
10p ordinary		Purchase		188,001		4.1732  GBP
10p ordinary		Purchase		185,821		4.1740  GBP
10p ordinary		Purchase		180,929		4.1535  GBP
10p ordinary		Purchase		110,401		4.1575  GBP
10p ordinary		Purchase		108,181		4.1528  GBP
10p ordinary		Purchase		73,686		4.1544  GBP
10p ordinary		Purchase		64,299		4.1737  GBP
10p ordinary		Purchase		48,700		4.1584  GBP
10p ordinary		Purchase		44,744		4.1509  GBP
10p ordinary		Purchase		20,576		4.1602  GBP
10p ordinary		Purchase		18,924		4.1582  GBP
10p ordinary		Purchase		12,105		4.1545  GBP
10p ordinary		Purchase		7,940		4.1506  GBP
10p ordinary		Purchase		7,372		4.1622  GBP
10p ordinary		Purchase		5,624		4.1520  GBP
10p ordinary		Purchase		4,549		4.1500  GBP
10p ordinary		Purchase		4,498		4.1534  GBP
10p ordinary		Purchase		3,632		4.1515  GBP
10p ordinary		Purchase		3,564		4.1530  GBP
10p ordinary		Purchase		3,561		4.1537  GBP
10p ordinary		Purchase		3,040		4.1581  GBP
10p ordinary		Purchase		3,028		4.1503  GBP
10p ordinary		Purchase		1,776		4.1608  GBP
10p ordinary		Purchase		1,680		4.1539  GBP
10p ordinary		Purchase		1,398		4.1440  GBP
10p ordinary		Purchase		1,303		4.1560  GBP
10p ordinary		Purchase		1,003		4.1447  GBP
10p ordinary		Purchase		977		4.1505  GBP
10p ordinary		Purchase		897		4.1460  GBP
10p ordinary		Purchase		763		4.1420  GBP
10p ordinary		Purchase		726		4.1660  GBP
10p ordinary		Purchase		463		4.1580  GBP
10p ordinary		Purchase		144		4.1479  GBP
10p ordinary		Purchase		97		4.1437  GBP
10p ordinary		Purchase		3		4.1540  GBP
10p ordinary		Sale		416,300		4.1697  GBP
10p ordinary		Sale		231,512		4.1740  GBP
10p ordinary		Sale		204,431		4.1635  GBP
10p ordinary		Sale		83,434		4.1542  GBP
10p ordinary		Sale		60,694		4.1746  GBP
10p ordinary		Sale		52,422		4.1548  GBP
10p ordinary		Sale		18,476		4.1555  GBP
10p ordinary		Sale		16,664		4.1599  GBP
10p ordinary		Sale		13,001		4.1619  GBP
10p ordinary		Sale		6,161		4.1502  GBP
10p ordinary		Sale		5,827		4.1500  GBP
10p ordinary		Sale		5,711		4.1581  GBP
10p ordinary		Sale		4,319		4.1522  GBP
10p ordinary		Sale		4,308		4.1595  GBP
10p ordinary		Sale		4,237		4.1533  GBP
10p ordinary		Sale		3,857		4.1577  GBP
10p ordinary		Sale		2,917		4.1505  GBP
10p ordinary		Sale		2,371		4.1504  GBP
10p ordinary		Sale		2,235		4.1574  GBP
10p ordinary		Sale		1,675		4.1580  GBP
10p ordinary		Sale		1,615		4.1560  GBP
10p ordinary		Sale		1,519		4.1520  GBP
10p ordinary		Sale		1,479		4.1610  GBP
10p ordinary		Sale		1,191		4.1485  GBP
10p ordinary		Sale		897		4.1517  GBP
10p ordinary		Sale		763		4.1420  GBP
10p ordinary		Sale		726		4.1660  GBP
10p ordinary		Sale		683		4.1440  GBP
10p ordinary		Sale		145		4.1484  GBP
10p ordinary		Sale		13		4.1444  GBP
10p ordinary		Sale		3		4.1544  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10p ordinary		CFD		Increasing Long		2,672	4.1591  GBP
10p ordinary		CFD		Increasing Long		726	4.1660  GBP
10p ordinary		CFD		Increasing Long		926	4.1739  GBP
10p ordinary		CFD		Decreasing Long		45,536	4.1547  GBP
10p ordinary		CFD		Decreasing Long		926	4.1739  GBP
10p ordinary		CFD		Decreasing Long		112,362	4.1740  GBP
10p ordinary		SWAP		Decreasing Long		4,304	4.1596  GBP
10p ordinary		SWAP		Decreasing Long		1,700	4.1427  GBP
10p ordinary		SWAP		Decreasing Short		1,191	4.1485  GBP
10p ordinary		SWAP		Decreasing Short		3,499	4.1522  GBP
10p ordinary		SWAP		Decreasing Short		83,434	4.1542  GBP
10p ordinary		SWAP		Decreasing Short		3,221	4.1555  GBP
10p ordinary		SWAP		Decreasing Short		2,235	4.1574  GBP
10p ordinary		SWAP		Increasing Short		2,020	4.1506  GBP
10p ordinary		SWAP		Increasing Short		3,564	4.1530  GBP
10p ordinary		SWAP		Increasing Short		180,929	4.1535  GBP
10p ordinary		SWAP		Increasing Short		3,040	4.1581  GBP
10p ordinary		SWAP		Increasing Short		75,000	4.1592  GBP
10p ordinary		SWAP		Increasing Short		24,106	4.1727  GBP
10p ordinary		SWAP		Increasing Short		94,145	4.1739  GBP
10p ordinary		SWAP		Increasing Long		5,711	4.1581  GBP
10p ordinary		SWAP		Decreasing Long		7,151	4.1621  GBP
10p ordinary		SWAP		Decreasing Long		221	4.1640  GBP
10p ordinary		SWAP		Decreasing Short		1,212	4.1580  GBP
10p ordinary		SWAP		Increasing Short		110,401	4.1575  GBP
10p ordinary		SWAP		Increasing Short		175,000	4.1592  GBP
10p ordinary		SWAP		Increasing Short		76,801	4.1740  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the person making the disclosure and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii) the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				09 Jul 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END